The Andaman and Nicobar Islands Co-Operative Societies (Amendment) Regulation, 2025

1. (1) This Regulation may be called the Andaman and Nicobar Islands Co-operative Societies (Amendment) Regulation, 2025.
2. (2) It extends to the whole of the Union territory of the Andaman and Nicobar Islands.
3. (3) It shall come into force on such date as the Administrator may, by notification in the Official Gazette, appoint.

For section 6 of the Andaman and Nicobar Islands Co-operative Societies Regulation, 1973 (hereinafter referred to as the principal Regulation), the following section shall be substituted, namely: "6. No co-operative society, other than the Government, shall hold more than one-fifth of the total subscribed share capital of such co-operative society."

In section 41 of the principal Regulation, for the third proviso, the following proviso shall be substituted, namely: "Provided also that the rate of dividend, to be declared by the society, shall be decided in the General Body meeting, subject to allocation of reserve fund under this section and the Co-operative Education Fund under section 43."